107,969 Shares in MarineMax, Inc. (NYSE:HZO) Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC purchased a new stake in MarineMax, Inc. (NYSE:HZO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 107,969 shares of the specialty retailer's stock, valued at approximately $3,126,000. First Eagle Investment Management LLC owned approximately 0.48% of MarineMax at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HZO. Victory Capital Management Inc. raised its position in shares of MarineMax by 134.3% in the third quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer's stock valued at $4,565,000 after buying an additional 74,173 shares in the last quarter. Royce & Associates LP raised its position in MarineMax by 45.2% during the third quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer's stock valued at $13,008,000 after purchasing an additional 114,880 shares in the last quarter. Empowered Funds LLC raised its position in MarineMax by 5.3% during the third quarter. Empowered Funds LLC now owns 21,473 shares of the specialty retailer's stock valued at $757,000 after purchasing an additional 1,072 shares in the last quarter. Intech Investment Management LLC acquired a new position in MarineMax during the third quarter valued at approximately $912,000. Finally, Algert Global LLC acquired a new position in MarineMax during the third quarter valued at approximately $4,949,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. B. Riley upgraded shares of MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. DA Davidson lowered their price objective on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Finally, Benchmark reiterated a "buy" rating and set a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $41.50.

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MarineMax Price Performance

Shares of NYSE:HZO traded down $0.48 during trading on Thursday, hitting $23.49. 222,657 shares of the company were exchanged, compared to its average volume of 285,541. The business's 50 day moving average is $27.26 and its 200-day moving average is $29.77. The company has a market capitalization of $533.43 million, a P/E ratio of 9.87 and a beta of 1.94. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 1-year low of $22.08 and a 1-year high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Equities analysts forecast that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Buying and Selling

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $31.06, for a total transaction of $124,240.00. Following the sale, the chief accounting officer now owns 11,451 shares of the company's stock, valued at approximately $355,668.06. This represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Clint Moore sold 4,100 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $30.63, for a total transaction of $125,583.00. Following the sale, the director now directly owns 23,560 shares in the company, valued at $721,642.80. This trade represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

MarineMax Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.